Two-Family Residence with
151-80 17th Road, Whitestone, NY 11357
For Sale
$1,800,000
Pending
Separate outdoor areas include a rear garden and an enclosed upper-level terrace.
Property Size2,444 SF
Days on Market18
Property Features for 151-80 17th Road
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Open Floorplan
Storage
Building Details
Building Size
Year Built
Units
Construction
Listing Agency:
Northeast Real Estate Company
Listed By:
George Orisses
(718) 358-8077
Source:
Georgemcknight
Added: Oct 23
Changed: Nov 8
Last Checked: Nov 8 at 8:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northeast Real Estate Company
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Investment Insights
Based on property information with market context.
This 2,444-square-foot brick-and-block residence contains two family units and was built in 1970. A one-car garage connects to the front, an interior hallway, and the side yard. The first-level unit has access to the rear garden, while the upper-level unit includes an enclosed terrace above the garage measuring 10.10 x 19.7. A cement patio, vegetable garden area, and mature fig trees are also on the property.
The front entrance is screened by a garden and a decorative brick-and-lattice-block wall. The property is being sold as is.
The front entrance is screened by a garden and a decorative brick-and-lattice-block wall. The property is being sold as is.
Key Highlights
- Two‑family brick‑and‑block residence with 2,444 square feet
- Built in 1970
- One‑car garage with front, interior hallway, and side‑yard access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,393
Cap Rate
3.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,207,860
$1.2M
Cap Rate 7%
$862,757
$862.8K
Cap Rate 9%
$671,033
$671.0K
Market Conditions
NOI Build-Up for 2,444 SF
Gross rent
$93.8K $38.40/SF
− Vacancy
−$7.6K −$3.10/SF
EGI
$86.3K $35.30/SF
− OpEx
−$25.9K −$10.59/SF
NOI
$60.4K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,207,860
Cap Rate 7%
$862,757
Cap Rate 9%
$671,033
Alternative Uses
Best Use
Multifamily LT 5
$862.8K
$754.9K – $1.01M
NOI $60,393 @ 7.0% cap · market cap 3.36%
Second Best
Apartment 5plus
$853.5K
$746.8K – $995.7K
NOI $59,742 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M
NOI $126,122 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,450
Businesses Nearby
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Business Placement
Demographics for 11357, NY
42,319
Population
16,586
Households
2.6
Avg Household Size
46
Median Age
38%
College-Educated
86%
High-School Grad
2.8 sq mi
ZIP Area
15,114
Density / Sq Mi
$97,754
Median Household Income
$58,814
Median Earnings
$2,228
Median Rent
$920,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Whitestone, NY
Properties on Market for Duplexes in Whitestone
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate outdoor areas include a rear garden and an enclosed upper-level terrace.
Where is this duplex located?
The property is located at 151-80 17th Road Whitestone, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Two‑family brick‑and‑block residence with 2,444 square feet; Built in 1970; One‑car garage with front, interior hallway, and side‑yard access
